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CAD/HUF
CAD HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADHUF
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CAD/HUF - 1H - Technical analysis published on 11/02/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 261.41 HUF
My targets
263.11 HUF (+1.36)
263.69 HUF (+1.94)
My analysis
A bullish trend on CAD/HUF both in substance and in the short term. A purchase could be considered as long as the price remains above 261.41 HUF. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 263.11 HUF. Then the price could move towards 263.69 HUF. Then 265.07 HUF by extension. Be careful, a return below 261.41 HUF would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/HUF price is 261.75 HUF. The price registered a decrease of -0.04% on the session with the lowest point at 259.31 HUF and the highest point at 261.98 HUF. The deviation from the price is +0.94% for the low point and -0.09% for the high point.

259.31
261.98
261.75

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CAD/HUF in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 259.82 260.49 261.41 261.75 261.96 263.11 263.69
Change (%) -0.74% -0.48% -0.13% - +0.08% +0.52% +0.74%
Change -1.93 -1.26 -0.34 - +0.21 +1.36 +1.94
Level Minor Intermediate Intermediate - Minor Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard257.89259.18260.52261.81263.15264.44265.78
Camarilla261.13261.37261.61261.85262.09262.33262.57
Woodie257.91259.19260.54261.82263.17264.45265.80
Fibonacci259.18260.19260.81261.81262.82263.44264.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard255.03257.76259.81262.54264.59267.32269.37
Camarilla260.55260.98261.42261.86262.30262.74263.18
Woodie254.69257.59259.47262.37264.25267.15269.03
Fibonacci257.76259.59260.71262.54264.37265.49267.32


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard240.12249.51255.02264.41269.92279.31284.82
Camarilla256.42257.79259.15260.52261.89263.25264.62
Woodie238.17248.54253.07263.44267.97278.34282.87
Fibonacci249.51255.21258.72264.41270.11273.62279.31

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 58.38
MACD (12,26,9): -0.1100
Directional Movement: 5.12
AROON (14): -35.71
DEMA (21): 260.81
Parabolic SAR (0,02-0,02-0,2): 259.42
Elder Ray (13): 0.40
Super Trend (3,10): 259.37
Zig ZAG (10): 261.71
VORTEX (21): 0.9300
Stochastique (14,3,5): 69.04
TEMA (21): 260.72
Williams %R (14): -9.36
Chande Momentum Oscillator (20): 0.42
Repulse (5,40,3): 0.5000
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.37
MA7: 261.83
MA20: 264.98
MA50: 265.92
MA100: 263.08
MAexp7: 260.97
MAexp20: 260.96
MAexp50: 261.11
MAexp100: 261.35
Price / MA7: -0.03%
Price / MA20: -1.22%
Price / MA50: -1.57%
Price / MA100: -0.51%
Price / MAexp7: +0.30%
Price / MAexp20: +0.31%
Price / MAexp50: +0.25%
Price / MAexp100: +0.16%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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